Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clearwater County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,187 | $355,887 | $242,182 |
| Price Trend (Annual %) | 7.3% | 14.8% | 8.2% |
| Median Gross Rent | $846 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clearwater County is about 53% lower than in Idaho. Rent is about 26% lower than the Idaho average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Clearwater County, up about 7.3% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Clearwater County rose about 33.5% between 2015 and 2023, from $634 to $846. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Clearwater County.
Buying the median-priced home in Clearwater County costs roughly 16.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Clearwater County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Clearwater County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,187 | $355,887 | $242,182 |
| Median Household Income | $57,251 | $74,676 | $78,145 |
| Price-to-Income Ratio | 2.9 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clearwater County rose about 7.4%, while median household income rose about 35.4% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Clearwater County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.2% | 64.7% | 58.2% |
| Rental Rate | 14.2% | 24.7% | 31.3% |
| Vacancy Rate | 22.6% | 10.7% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Clearwater County has a homeownership rate of 63.2%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 22.6%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Clearwater County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1978 | 1987 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Clearwater County was built around 1978. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clearwater County, Idaho.
What is the median home price in Clearwater County, Idaho?
The median home price in Clearwater County, Idaho is $167,187, lower than the Idaho average of $355,887.
What is the average home price in Clearwater County, Idaho?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Clearwater County, Idaho?
The median gross rent in Clearwater County, Idaho is $846 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Clearwater County in 2020?
In 2020, the median gross rent in Clearwater County, Idaho was $748 per month.
What is the price-to-rent ratio in Clearwater County, Idaho?
The price-to-rent ratio in Clearwater County, Idaho is about 16.5, meaning it would take roughly 16.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Clearwater County.
Are home prices or rent rising faster in Clearwater County, Idaho?
Both home prices and rent are rising in Clearwater County, up about 7.3% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clearwater County, Idaho?
63.2% of households in Clearwater County, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Clearwater County, Idaho?
The housing vacancy rate in Clearwater County, Idaho is 22.6%, higher than the Idaho average of 10.7%.